On March 25th, BTC fell, and the clearing theme disappeared because of the extraordinary serenity.
Cointelegraph Markets Pro and TradingView follow Bitcoin to the dollar and are concerned about $27500 at the time of writing.
After falling $28000 the day before, weekend trading has barely swung as much as it used to, as traders want to take a break before the traditional financial system is repaired.
"so far, the closing price of the Chicago Mercantile Exchange looks like a slow stamp," Daan Crypto Trades wrote in part of the Twitter post.
"after last week's fluctuations, I don't think Bitcoin will change much by Sunday."
Daan Crypto Trades mentioned the closing price of Bitcoin futures of the Chicago Mercantile Exchange Group, which could become critical if it fluctuates before the start of the new week.
This will create a "gap" between the opening and closing prices of new homes in the futures market, turning it into a potential overall target for spot trading of bitcoin.
An additional post of judge divides the order information liquidity industry and may also serve as a support line and pressure level.
Peer trader Crypto Tony, on the other hand, expects ShuangTou to accumulate energy to attack $30000 before making deeper adjustments.
"Please pull up again and the trading volume has dropped to $30,000," he wrote on Twitter. " There is also a projection plane on the side.
I do expect the industry to be firmly rejected. Given that everything is being done, it seems almost impossible to break out with a single test.
In addition, the liquidation data showed a decline in short-term uncertainty, with the total amount of short-term or long-term liquidation less than $5 million on March 25.
By comparison, Bitcoin liquidated more than $120 million in trading positions on March 22, according to Coinglass statistics.
While studying the trader's mindset, the buying and selling module DecenTrader sensed a rise in the much / short ratio described as "very simple" and futures prices continued to fall.
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Tue, 18 Apr 2023